Many years and many millions later: Toronto’s housing market in 2026

April 18, 2016 in Real Estate Blog

A new price projection study shows that Toronto’s housing market in 10 years could be VERY expensive. The average single-family Toronto home is set to cost anywhere between $2.26 million and and $3.582 million dollars by the next decade, and upgrading to from an average condo to an average house may do $1.68 million to $2.95 million dollars worth of damage. Of course, the study is based on the past 3 years and could very well be entirely wrong in 2026 given the volatility of market conditions. However, if it is accurate, let’s hope wages increase with it, or buying a house could seriously break the bank.

 

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